Aug 6, 2020 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Can I put redundancy into super? This is a good question and important to understand. Making contributions to superannuation can provide you with tax concessions and may result in you effectively paying less tax on your redundancy payment. Rolling a redundancy payment...
Jun 16, 2020 | Blog, SMSF, SMSF Property, Superannuation
It is possible to use your superannuation to purchase land. Your super fund’s investment menu and investment strategy will determine how you can invest your super. For ordinary Industry Super funds or Public Offer fund, the investment menu is somewhat limited....
May 1, 2020 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This article walks you through a transition to retirement example and the transition to retirement rules. A transition to retirement pension income stream is an income stream commenced using your some or all of your superannuation savings while you are still working,...
Jan 4, 2020 | Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
A grandfathered account based pension is an account based pension where the assessment of the pension income is calculated using the deductible amount method. The current assessment of a non-grandfathered account based pension for social security or aged care purposes...
Nov 27, 2019 | Accessing Superannuation, Blog, Insurance in Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
The superannuation preservation age changes from age 55 to 60 depending on your date of birth. The change in superannuation preservation age signifies when you are able to access your super savings. You can use your preservation age to calculate how long it takes to...
Oct 23, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
Oct 14, 2019 | Blog, Death Benefits, Insurance in Super, Reversionary Pensions, SMSF, Superannuation
A lapsing binding death benefit nomination is a super nomination that has an expiry date. There are various death benefit nominations you can make. Generally, a non-binding nomination will be non-lapsing. A binding nomination can be lapsing or non-lapsing. The type of...
Oct 11, 2019 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
When can you retire if you were born in 1968? Retirement is based on your ability to cover living expenses without needing to earn a work-related income. You may choose to continue working after reaching retirement, but it is good to know your full retirement age. If...
Oct 10, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
There are a number of differences between account based pension vs transition to retirement pensions. Account based pensions and transition to retirement pensions share the same base rules, but have some notable differences. Overall, an account based pension provides...
Oct 9, 2019 | Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
What is a commutation payment? Commutations are a withdrawals made from the capital supporting an account based pension. Commutations may affect Centrelink entitlements. The extent to which commutations affect Centrelink entitlements depends on a few factors, which...
